$ARO
StableSnapshot Window: 2026-07-15 07:10 UTC · ← Back to Crypto Overview
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According to Eleanor Terrett as well, the release of the final text is said to be delayed until this weekend. It seems the negotiations over the ethics regulations, which are indeed the biggest concern, are dragging on Patrick Witt, a cryptocurrency advisor, also [Spoken audio]: Well, welcome back. Well, the Clarity Act, facing a make-or-break moment in the Senate, the Senate now has until August 7th to get it done. The House passed the legislation almost a year ago. And the August recess is right around the corner. Senators are expected to leave on August 7th for the August recess. The House is leaving on July 24th. Do you know who I mean now is Wyoming Senator Cynthia Lamez, she is the chairwoman of the Senate Digital Assets Subcommittee. Senator, great to see you. Thank you so much for joining me. You as well, Maria. What's your take? Your digital asset market structure clarity act would create a regulatory framework, establish new SEC disclosure rules for certain tokens, provide greater clarity for the crypto industry, and the bill seeks to expand law enforcement tools to combat crypto-related crime by applying anti-money laundering and sanctions rules to crypto exchanges, but you can't get it over the finish line. What's the problem? Well it's taken us virtually every day for the last ten months to get this bill in the condition it's in today and we're ready so we will be introducing in the next few days we're going to be in session now for four straight weeks it's very important that we get this bill across the finish line before the August recess begins, so we can make the markets aware of the stability that will be provided to them if they remain onshore in the United States to do business. This is a pivotal time for the industry, and we want to meet their needs. We also want to meet the needs of law enforcement with regard to preventing illicit finance and provide consumer protections. think we've accomplished that goal with this bill it's been arduous but we're ready for prime time. Absolutely so is it fair to say this bill will be back on it will be on the Senate floor the week of July 20th? Well I expect it'll be that week but considering the important things that we have to deal with in these four weeks Senator Thune will make the final decision about which week to bring clarity to the floor.